Mpwm Advisory Solutions LLC Makes New $1 Million Investment in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Mpwm Advisory Solutions LLC purchased a new position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 90,877 shares of the investment management company’s stock, valued at approximately $1,003,000. BlackRock MuniAssets Fund comprises 0.7% of Mpwm Advisory Solutions LLC’s investment portfolio, making the stock its 24th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MUA. Bank of America Corp DE grew its position in BlackRock MuniAssets Fund by 10.1% in the 4th quarter. Bank of America Corp DE now owns 1,152,278 shares of the investment management company’s stock worth $12,721,000 after purchasing an additional 106,107 shares during the period. Guggenheim Capital LLC boosted its stake in shares of BlackRock MuniAssets Fund by 4.4% in the 4th quarter. Guggenheim Capital LLC now owns 1,146,514 shares of the investment management company’s stock worth $12,658,000 after buying an additional 48,336 shares during the last quarter. Mariner LLC grew its holdings in shares of BlackRock MuniAssets Fund by 32.8% in the fourth quarter. Mariner LLC now owns 1,110,045 shares of the investment management company’s stock worth $12,255,000 after acquiring an additional 273,870 shares during the period. Keybank National Association OH grew its holdings in shares of BlackRock MuniAssets Fund by 14.2% in the fourth quarter. Keybank National Association OH now owns 1,004,022 shares of the investment management company’s stock worth $11,084,000 after acquiring an additional 124,464 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in BlackRock MuniAssets Fund during the fourth quarter valued at $2,457,000. 20.38% of the stock is owned by institutional investors.

BlackRock MuniAssets Fund Price Performance

Shares of NYSE:MUA opened at $10.40 on Tuesday. The stock’s 50-day simple moving average is $10.40 and its two-hundred day simple moving average is $11.03. BlackRock MuniAssets Fund, Inc. has a 52-week low of $9.60 and a 52-week high of $12.69.

BlackRock MuniAssets Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be paid a $0.0555 dividend. This represents a $0.67 annualized dividend and a dividend yield of 6.40%. The ex-dividend date is Thursday, May 15th.

BlackRock MuniAssets Fund Profile

BlackRock MuniAssets Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of medium-to-lower grade or unrated municipal obligations the interest on which is exempt from federal income taxes.